Sunday, February 21, 2010

Beauty of Quantification

Recently, I was corresponding with an acquaintance. Some people are surprised that I enjoy quantifying so many different things -- ranging from sports to financial markets. I particularly like applying probability and statistics to quantify the impact of sport psychology. These factors are normally "intangibles" -- but it is interesting to measure them because they are certainly material.

Here is a link to Carl Sagan's chapter, "The Beauty and Power of Quantification" (from his book, "Billions and Billions"). http://bit.ly/aOmw3g

Carl Sagan often talks about science, but around page 37, he makes an interesting analogy to sports and hunting.